RENT - BUY - OR BUILD ?
What are my requirements for my domicile in Cyprus?
You should have clear ideas about what you want. For example, think about proximity to the beach, shopping, schools, kindergarten, security, amenities, maintenance costs ....
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How long will I stay in Cyprus?
The answer arises from the time planned for living in Cyprus. It may be advisable to rent first before taking the step to ownership. It should be borne in mind that a resale cannot usually be realised in the short term.
Which location is the right one:
Use the initial period, possibly for rent, to get to know the country and its people. Perhaps you are drawn to the sea or would you prefer a little more distance but with a sea view? You should also get to know the rural hinterland of the island or do you prefer a modern flat in the city?
Quality of life in Cyprus:
The quality and space requirements of a house, from the Cypriots' point of view, are quite different from ours.
You should know:
An essential criterion for the rental or purchase price is the number of bedrooms with bathroom, no matter how small.
Service charges:
Depending on the size of the house, garden and pool, you should also calculate the costs for garden and pool maintenance, security (alarm system) and regular renovation. At the seaside, the climate always requires painting, repairs or replacements.
Rent
Short-term rentals can be booked through international agencies, long-term rentals should be booked locally. Pay attention to the location description, if necessary check via Google Maps. The price differences vary greatly.
Buy
The price of new buildings is determined by a few large developers. In the case of existing properties, attention must be paid to construction defects and the secured transfer of ownership.
Building
The construction and design differs significantly from our standard. Insulation and insulation, especially moisture protection, must be controlled.